GME will beat BTC in a year, mark my word

Seemed a pretty good bet off the open.

 

@johnarb

As of half hour ago I believe.

GameStop’s purchase of 4,710 bitcoin marks its first cryptocurrency purchase since it announced earlier this year that it would make bitcoin a treasury-reserve asset

 

It's disappointing, SemperF

gme got $1.5B from sale of 0% convertible bond to buy bitcoin, but only spent $500M and at the time they closed the deal, price of bitcoin was low $80k even went below $80k,

and it looks like gme purchased above $100k so they missed out on profits that could be used for this upcoming earnings release

market reaction to the news is not good so far and this is on a down day for bitcoin

Maybe gme will purchase more bitcoin in the future, have to wait and see

 

Do you want it to collapse to oblivion? Let me buy a few lots.

 

I wouldnt blame them for wanting to scale in to a certain extent but yeah the timing is off.80-90 scale in would have been genius.

Im assuming it was redtape etc but they have been sitting on that cash for a long while now.